Common use of Interest Rate, Penalty Interest Rate, Interest Calculation and Settlement Clause in Contracts

Interest Rate, Penalty Interest Rate, Interest Calculation and Settlement. 1. Interest Rate The interest rate of the loan hereunder shall be a monthly interest rate at (1) below: (1) fixed rate of 4.5‰, which rate shall remain unchanged during the term of the money borrowed; (2) floating rate, that is, [intentionally left blank] % [intentionally left blank] (above/below) the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 2. Penalty Interest Rate (1) The penalty interest rate shall be a monthly interest rate. (2) If Party A fails to use the loan for the purpose specified herein, the penalty interest rate shall be at (i) below: (i) fixed rate of 9‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. (3) The penalty interest for overdue loan hereunder shall be at the rate of (i) below: (i) fixed rate of 6.75‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 3. The Interest Starting Date referred to in this Article means the date when the first advance made hereunder is transferred and deposited into Party A’s account. The base interest rate for the first advance made hereunder shall be the interest rate for loans of same grade announced by the People’s Bank of China on the date of Interest Starting Date; thereafter, when the interest rate or penalty interest rate is adjusted pursuant to the foregoing provisions, the base interest rate shall be the interest rate for loans of same grade announced by the People’s Bank of China on the adjustment date; if no interest rate is announced by the People’s Bank of China for loans of same grade, the base interest rate shall be the inter-bank acceptable or customary interest rate for loans of same grade on the adjustment date, unless otherwise provided by the parties. 4. The interest of the loan shall be accrued from the date when the loan is deposited into Party A’s account. The interest of the loan hereunder shall be accrued on a daily basis. The daily interest rate = monthly interest rate/30 = annual interest rate/360. A compound interest shall be accrued from the following date if Party A fails to pay accrued interest when due.

Interest Rate, Penalty Interest Rate, Interest Calculation and Settlement. 1. Interest Rate The interest rate of the loan hereunder shall be a monthly interest rate at (1) below: (1) fixed rate of 4.5‰5.7‰, which rate shall remain unchanged during the term of the money borrowed; (2) floating rate, that is, [intentionally left blank] % [intentionally left blank] (above/below) the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 2. Penalty Interest Rate (1) The penalty interest rate shall be a monthly interest rate. (2) If Party A fails to use the loan for the purpose specified herein, the penalty interest rate shall be at (i) below: (i) fixed rate of 9‰11.4‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. (3) The penalty interest for overdue loan hereunder shall be at the rate of (i) below: (i) fixed rate of 6.75‰8.55‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 3. The Interest Starting Date referred to in this Article means the date when the first advance made hereunder is transferred and deposited into Party A’s account. The base interest rate for the first advance made hereunder shall be the interest rate for loans of same grade announced by the People’s Bank of China on the date of Interest Starting Date; thereafter, when the interest rate or penalty interest rate is adjusted pursuant to the foregoing provisions, the base interest rate shall be the interest rate for loans of same grade announced by the People’s Bank of China on the adjustment date; if no interest rate is announced by the People’s Bank of China for loans of same grade, the base interest rate shall be the inter-bank acceptable or customary interest rate for loans of same grade on the adjustment date, unless otherwise provided by the parties. 4. The interest of the loan shall be accrued from the date when the loan is deposited into Party A’s account. The interest of the loan hereunder shall be accrued on a daily basis. The daily interest rate = monthly interest rate/30 = annual interest rate/360. A compound interest shall be accrued from the following date if Party A fails to pay accrued interest when due.

Interest Rate, Penalty Interest Rate, Interest Calculation and Settlement. 1. Interest Rate The interest rate of the loan hereunder shall be a monthly interest rate at (1) below: (1) fixed rate of 4.5‰6.075‰, which rate shall remain unchanged during the term of the money borrowed; (2) floating rate, that is, [intentionally left blank] % [intentionally left blank] (above/below) the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 2. Penalty Interest Rate (1) The penalty interest rate shall be a monthly interest rate. (2) If Party A fails to use the loan for the purpose specified herein, the penalty interest rate shall be at (i) below: (i) fixed rate of 9‰12.15‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. (3) The penalty interest for overdue loan hereunder shall be at the rate of (i) below: (i) fixed rate of 6.75‰9.1125‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 3. The Interest Starting Date referred to in this Article means the date when the first advance made hereunder is transferred and deposited into Party A’s account. The base interest rate for the first advance made hereunder shall be the interest rate for loans of same grade announced by the People’s Bank of China on the date of Interest Starting Date; thereafter, when the interest rate or penalty interest rate is adjusted pursuant to the foregoing provisions, the base interest rate shall be the interest rate for loans of same grade announced by the People’s Bank of China on the adjustment date; if no interest rate is announced by the People’s Bank of China for loans of same grade, the base interest rate shall be the inter-bank acceptable or customary interest rate for loans of same grade on the adjustment date, unless otherwise provided by the parties. 4. The interest of the loan shall be accrued from the date when the loan is deposited into Party A’s account. The interest of the loan hereunder shall be accrued on a daily basis. The daily interest rate = monthly interest rate/30 = annual interest rate/360. A compound interest shall be accrued from the following date if Party A fails to pay accrued interest when due.

Interest Rate, Penalty Interest Rate, Interest Calculation and Settlement. 1. Interest Rate The interest rate of the loan hereunder shall be a monthly interest rate at (1) below: (1) fixed rate of 4.5‰5.475‰, which rate shall remain unchanged during the term of the money borrowed; (2) floating rate, that is, [intentionally left blank] % [intentionally left blank] (above/below) the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 2. Penalty Interest Rate (1) The penalty interest rate shall be a monthly interest rate. (2) If Party A fails to use the loan for the purpose specified herein, the penalty interest rate shall be at (i) below: (i) fixed rate of 9‰10.95‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. (3) The penalty interest for overdue loan hereunder shall be at the rate of (i) below: (i) fixed rate of 6.75‰8.2125‰; (ii) floating rate, that is, [intentionally left blank]% above the base interest rate and adjusted every [intentionally left blank] months from the Interest Starting Date. The penalty interest adjustment date shall be the date corresponding to the Interest Starting Date in the month the penalty interest is adjusted. If there is no date corresponding to the Interest Starting Date in that month, then the last day in that month shall be the interest adjustment date. 3. The Interest Starting Date referred to in this Article means the date when the first advance made hereunder is transferred and deposited into Party A’s account. The base interest rate for the first advance made hereunder shall be the interest rate for loans of same grade announced by the People’s Bank of China on the date of Interest Starting Date; thereafter, when the interest rate or penalty interest rate is adjusted pursuant to the foregoing provisions, the base interest rate shall be the interest rate for loans of same grade announced by the People’s Bank of China on the adjustment date; if no interest rate is announced by the People’s Bank of China for loans of same grade, the base interest rate shall be the inter-bank acceptable or customary interest rate for loans of same grade on the adjustment date, unless otherwise provided by the parties. 4. The interest of the loan shall be accrued from the date when the loan is deposited into Party A’s account. The interest of the loan hereunder shall be accrued on a daily basis. The daily interest rate = monthly interest rate/30 = annual interest rate/360. A compound interest shall be accrued from the following date if Party A fails to pay accrued interest when due.